Government to accept Rs 80 billion US grant

Government to accept Rs 80 billion US grant

By Muna Chand

Kathmandu, April 15

Nepal has accepted about 80 billion in grant aid from the United States Agency for International Development (USAID).

The Council of Ministers decided on April 13 to accept Rs 79.71 billion in foreign grants from the US government for various development programs, according to Minister for Communication and Information Technology Gynendra Bahadur Karki.

Minister Karki informed that the grant assistance agreed upon after Millennium Challenge
Corporation (MCC) grant’s parliamentary ratification will be worth 659 million dollars.

Likewise, Nepal decided to accept the international aid of Rs 18 billion received through the
International Development Organization under the World Bank.

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